Urbanization to drive China's growth

BEIJING - China's urbanization will provide sustainable investment and become a key factor in bolstering the country's growth during the coming five years, said a top policy adviser on Friday.

"The country's urbanization rate is expected to increase by 1 percentage point every year for the next 20 years," said Zheng Xinli, vice-president of the China Center for International Economic Exchanges (CCIEE).

The figure is predicted to rise from the current 47 percent to 57 percent in 2020, and to approximately 70 percent by the end of 2030, according to Zheng.